We started the week with my favorite profile print, the neutral. It serves to bring the buyer and seller close in their perceived value of the market. We tested lower after initial balance (first hour of trade) and the order flow was absolutely benign. BOING! We go higher. We range extend higher from the initial balance and the order flow was absolutely trite. PEW! We go lower [sound effect sold separately].
Then the day ends somewhere in the middle, pure to the Neutral name. And this neutral, at least on the Nasadq, was the fourth occurrence in the last five sessions. We are really on to something here, mates!
Here me now: this range is real close, like 0-100 close, to being left in the dust. Nasdaq is right in the middle, my book is leaning long, but I did throw on a hedge via SKF because one can never be sure. This instrument was chosen because of the ominous candle print Friday on XLF. It could mean nothing.
Closing thought—look at the Nasdaq market profile next to this spring:
D Cup. Boing!
is that perky bit of color on the left volume, raul?
The multi color left-side is TPO building blocks. Each half hour time period is assigned a letter and they stack up as price moves up and down. Thr blue-ish distribution on the right is volume